Mr. Jordan Trimble reports

SKYHARBOUR CLOSES $2.1 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Skyharbour Resources Ltd. has closed a non-brokered private placement financing for total gross proceeds of $2,103,898.94. The private placement was mostly subscribed for by several strategic institutional investors. The funds will be applied toward the company's upcoming 2026 exploration campaign, including exploration and drilling at its co-flagship Russell (RL) and Moore Lake uranium projects.

The company has allotted and issued 5,069,636 flow-through (FT) shares at a price of 41.5 cents per FT share. The FT shares, as defined in Subsection 66(15) of the Income Tax Act (Canada) (ITA) as presently constituted, shall qualify for the federal 30-per-cent critical mineral exploration tax credit, as defined in Subsection 127(9) of the Income Tax Act (Canada).

Pursuant to the private placement, the company has paid cash finders' fees of $120,008.94 to an arm's-length party. The private placement is subject to final TSX Venture Exchange approval and all securities issued are subject to a four-month-and-one-day hold period.

One director, as an insider of Skyharbour, has subscribed for an aggregate 250,000 shares for gross proceeds of $103,750. The issuance of the shares to the insider is considered a related party transaction subject to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation by the insider will not exceed 25 per cent of the fair market value of the company's market capitalization.

About Skyharbour Resources Ltd.

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca basin and is well positioned to benefit from improving uranium market fundamentals with interest in 37 projects covering over 616,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the company, a 100-per-cent interest in the Moore uranium project, which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick corridor. Adjacent to the Moore project is the Russell Lake uranium project, which hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leaders Denison Mines, Orano Canada Inc., Azincourt Energy and Thunderbird Resources at the Russell, Preston, East Preston and Hook Lake projects, respectively. The company also has several active earn-in option partners, including Canadian Securities Exchange-listed Basin Uranium Corp. at the Mann Lake uranium project; TSX Venture Exchange-listed North Shore Uranium at the Falcon project; UraEx Resources at the South Dufferin and Bolt projects; Hatchet Uranium at the Highway project; CSE-listed Mustang Energy at the 914W project; and TSX-V-listed Terra Clean Energy at the South Falcon East project.

In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76-million in partner-financed exploration expenditures and over $42-million in cash and share payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships and the advancement of exploration projects in geopolitically favourable jurisdictions.

We seek Safe Harbor.